• Latest
Nigeria seeks fair trade with rich nations

Nigeria seeks fair trade with rich nations

5 months ago
President John Mahama, a private jet used for recent official trips, and businessman Ibrahim Mahama amid Ghana opposition calls for probe into presidential jet use

Ghana opposition demands probe into Mahama jet use

4 hours ago
Rwandan President Paul Kagame with Rwanda Defence Force troops during a military briefing, highlighting Kigali’s expanding regional security role

US sanctions expose Rwanda’s Congo dilemma

4 hours ago
Rare earth mining site at Makuutu project in Uganda as global demand rises amid US supply concerns

Africa eyed as US rare earths run low

4 hours ago
Paul Kagame speaks at Nuclear Energy Summit in Paris announcing Rwanda’s $6bn nuclear power plan

Rwanda plans $6bn nuclear power push

4 hours ago
Silverback mountain gorilla in Rwanda’s Volcanoes National Park, a major attraction driving the country’s growing tourism revenue

Rwanda tourism revenue hits $161m in 3 months

4 hours ago
African filmmaker operating professional cinema camera during film production on set

Next Narrative Africa Fund names first grantees

4 hours ago
Migrants escorted by officers board a deportation flight in the United States during immigration enforcement operations under President Donald Trump’s deportation policy

Trump sends four more deportees to Eswatini

1 day ago
Door of Return at Cape Coast Castle in Ghana, historic slave trade site linked to transatlantic slavery reparations debate

Ghana to submit UN slavery reparations resolution

1 day ago
South Africa Foreign Affairs Minister Ronald Lamola speaks at a press briefing in Pretoria after the government summoned the US ambassador over remarks about the ‘Kill the Boer’ chant.

South Africa summons US ambassador over chant

1 day ago
African iron-ore mining site with trucks and ore stockpiles near railway infrastructure

Africa pushes iron-ore steel industry drive

1 day ago
Microsoft cloud data centre servers powering artificial intelligence infrastructure for Africa’s growing AI economy

Microsoft expands Africa AI to counter DeepSeek

1 day ago
Niger police display seized cocaine bricks during a drug trafficking operation linked to West Africa cocaine routes

West Africa cocaine trafficking fuels corruption

1 day ago
  • About Us
  • Advertise
  • Media Kit
  • Policies and Terms
Friday, March 13, 2026
  • Login
  • Register
Africa Briefing
Data & Research Solutions
No Result
View All Result
  • Home
  • Business & Economy
  • News
  • Energy
  • Politics
    • Africa Abroad
  • Technology
  • Magazine
Subscribe for More
Africa Briefing
No Result
View All Result
Home Business & Economy

Nigeria seeks fair trade with rich nations

by Editorial Staff
5 months ago
in Business & Economy
Reading Time: 2 mins read
0 0
A A
0
Nigeria seeks fair trade with rich nations
0
SHARES
2
VIEWS
Share on FacebookShare on XShare on WhatsApp

Keypoints:

  • Minister warns against extractive trade mindset
  • Nigeria less affected by US tariffs
  • Dismisses false claims of Christian persecution

NIGERIA’S  Foreign Minister, Yusuf Tuggar, has urged wealthy nations to move beyond resource-driven trade and engage Africa as a genuine partner in development. Speaking at the Reuters NEXT Gulf Summit in Abu Dhabi, Tuggar said the continent should not be treated as a quarry for raw materials but as an equal in shaping global economic growth.

‘Sometimes it’s like the game Minecraft: there’s oil, there’s gas, there are critical minerals and rare earths. We put a bit of this, we invest in this. No, that’s not the way it goes,’ Tuggar told delegates.

He stressed that trade must rest on ‘mutual respect and shared interests’, adding that Africa’s development is vital for tackling global challenges such as irregular migration and instability.

Minecraft, developed by Mojang Studios, is a popular video game where players mine virtual materials to build structures — an analogy Tuggar used to criticise the exploitative approach of some Western nations.

Nigeria ‘relatively insulated’ from Trump tariffs

Tuggar said Nigeria had been less affected by US President Donald Trump’s tariffs, which impose a 15 percent levy on certain exports including oil and gas.

He attributed the country’s resilience to its vast domestic market and diversified partnerships. ‘With a population of 230 million expected to reach 400 million by 2050, we have the internal market to absorb shocks,’ he said, citing strong trade links with China, India, and Brazil.

The minister pointed to reforms designed to boost investor confidence — including a stabilised exchange rate, renewed access to foreign currency, tax cuts, and power-sector liberalisation separating generation, transmission, and distribution. Feed-in tariffs for renewable energy, he added, are intended to draw new investment.

Despite decades of promises, unreliable electricity remains one of Nigeria’s biggest hurdles. The World Bank estimates that four in ten Nigerians still lack access to power, while frequent blackouts force those who can afford it to rely on noisy, polluting diesel generators.

Minister rejects false claims of Christian persecution

Tuggar also addressed online claims of a so-called ‘Christian genocide’ in Nigeria — allegations he said were being amplified by some US media commentators and do not reflect reality.

‘One of our major challenges at the moment is the false narratives being created about Nigeria — that Christians are being persecuted. It couldn’t be further from the truth,’ he said. ‘Investors need to come and see for themselves.’

Nigeria, home to over 200 ethnic groups and a near-even split between Christians and Muslims, has long maintained a tradition of coexistence. Mosques and churches stand side by side, and public events often feature prayers from both faiths.

While clashes between communities do occur — often linked to land, ethnicity, or regional grievances — Tuggar said it was misleading to frame them solely as religious persecution. He also noted that the Boko Haram insurgency, now in its fifteenth year, has largely targeted Muslim communities in the northeast.

 

ShareTweetSend
Editorial Staff

Editorial Staff

Related Posts

Aliko Dangote speaking at the World Economic Forum in Davos as Africa’s richest billionaire in the 2026 Forbes ranking

Africa billionaires hit $126.7bn – Forbes

by Editorial Staff
March 11, 2026
0

Keypoints: Africa now counts 23 billionaires with combined wealth of $126.7bn Aliko Dangote remains Africa’s richest person for the 15th...

African technology entrepreneurs collaborating in a digital innovation hub

Africa economy to grow 4.3 percent in 2026

by Editorial Staff
March 10, 2026
0

Keypoints: UN report projects Africa’s growth reaching 4.3 percent in 2026 AI, data and frontier technologies seen as key productivity...

Industrial pasta production machine producing fresh spaghetti at a food processing factory in Ghana

Ghana bans pasta imports to protect factory

by Editorial Staff
March 10, 2026
0

Keypoints: Ghana bans pasta imports through land borders Policy aims to stop smuggling and protect new factory Government pushes domestic...

Container ships loading cargo at an African port backed by Gulf investment

US–Iran war threatens Africa’s $179bn Gulf investment

by Editorial Staff
March 9, 2026
0

Keypoints: Gulf states have invested about $179bn across Africa over the past decade The U.S.–Iran conflict is pushing Gulf governments...

  • Trending
  • Comments
  • Latest
WhatsApp chat screen showing missed call messages feature, with a user recording a voice note after an unanswered call

WhatsApp rolls out missed call messages

December 14, 2025
Composite image showing the wreckage of vehicles after a fatal road crash in Ogun State, Nigeria, alongside an explanatory diagram illustrating seating positions inside an SUV.

Fatal Nigeria crash leaves Anthony Joshua injured

December 29, 2025
Bridge to link Africa’s twin capitals

Bridge to link Africa’s twin capitals

July 1, 2025
Hilton Worldwide announces first hotel opening in Chad

Hilton Worldwide announces first hotel opening in Chad

0
Vodafone reveals strong growth in M-Pesa transactions as it launches service in Ghana

Vodafone reveals strong growth in M-Pesa transactions as it launches service in Ghana

0
West African hotels boost security after Burkina attack

West African hotels boost security after Burkina attack

0
President John Mahama, a private jet used for recent official trips, and businessman Ibrahim Mahama amid Ghana opposition calls for probe into presidential jet use

Ghana opposition demands probe into Mahama jet use

March 13, 2026
Rwandan President Paul Kagame with Rwanda Defence Force troops during a military briefing, highlighting Kigali’s expanding regional security role

US sanctions expose Rwanda’s Congo dilemma

March 13, 2026
Rare earth mining site at Makuutu project in Uganda as global demand rises amid US supply concerns

Africa eyed as US rare earths run low

March 13, 2026
Africa Briefing

© 2025 Africa Briefing

Quick Links

  • Home
  • About Us
  • Advertise
  • Policies and Terms

Stay Connected

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business & Economy
  • Energy
  • Magazine
  • News
  • Politics
    • Africa Abroad
  • Technology
  • Advertise
  • Media Kit

© 2025 Africa Briefing

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00